[zubair1310]

Assertion is the representation made by management about FS. for example management say
” all transaction that should have been recorded haven been recorded”
this is an assertion for FS as a whole .

ASSertion levels are three
1.About classes of transaction
2.about account balances
3.about presentations&disclosure.

An e-book for p7 is available at https://adf.ly/KkQbQ helpful in quick revision.

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